Cuba Ventures $135278 Fundraising. JAMES G PETTIT Cuba Ventures $135278 Fundraising. JAMES G PETTIT Submitted Jan 28 D Filing
February 1, 2018 - By Peter Erickson
Cuba Ventures Financing
Cuba Ventures Corp, Corporation just submitted form D announcing $135,278 equity financing. This is a new filing. Cuba Ventures was able to finance itself with $52,213 so far. That is 38.60 % of the financing offer. The total offering amount was $135,278. The financing form was filed on 2018-01-28. The reason for the financing was: Total Offer Amount represents the price of units (300,000 x C$.22) consisting of common shares & warrants, plus the exercise price of the warrants (300,000 x C$.35), converted at US$.7911. The warrants, expiring Dec 27, 2018, may or may not be exercised.. The fundraising still has about $83,065 more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Cuba Ventures is based in British Columbia – Canada. The firm’s business is not disclosed. The form was signed by JAMES G PETTIT Director. The company was incorporated more than five years ago. The filler’s address is: Suite 1610 – 777 Dunsmuir Street, Vancouver, A1, British Columbia, Canada, V7y 1K4. James G Pettit is the related person in the form and it has address: 1610-777 Dunsmuir Street, Vancouver, A1, British Columbia, Canada, V7y 1K4. Link to Cuba Ventures Filing: 000118374018000022.
Analysis of Cuba Ventures Offering
On average, firms in the not disclosed sector, sell 67.77 % of the total offering amount. Cuba Ventures sold 38.60 % of the offering. The financing is still open. The average fundraising size for companies in all industries in our database is $3.05 million. The offering was 98.29 % smaller than the average of $3.05 million. Of course this should not be seen as negative. Businesses get financed for different needs and reasons. The minimum investment for this financing is set at $0. If you know more about the reasons for the financing, please comment below.
What is Form D? What It Is Used For
Form D disclosures could be used to track and understand better your competitors. The information in Form D is usually highly confidential for ventures and startups and they don’t like revealing it. This is because it reveals amount raised or planned to be raised as well as reasons for the financing. This could help competitors. Entrepreneurs usually want to keep their financing a ‘secret’ so they can stay in stealth mode for longer.
Why Fundraising Reporting Is Good For Cuba Ventures Also
The Form D signed by JAMES G PETTIT might help Cuba Ventures Corp’s sector. First, it helps potential customers feel more safe to deal with a firm that is well financed. The odds are higher that it will stay in the business. Second, this could attract other investors such as venture-capital firms, funds and angels. Third, positive PR effects could even bring leasing firms and venture lenders.